Peter B. Ladig: Lawyer with Morris James LLP

Peter B. Ladig

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Partner
Wilmington,  DE  U.S.A.
Phone302.888.6826

Peer Rating
 4.8/5.0
AV® Preeminent

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Practice Areas

  • Alternative Entities
  • Business Litigation
  • Special Committee Representation
  • Corporate and Fiduciary Litigation
  • Corporate Governance Counseling
 
Mailing AddressP.O. Box 2306, Wilmington, DE, 19899-2306
 
University Yale University, B.A., 1993
 
Law SchoolEmory University School of Law, J.D., with Distinction, 1996
 
Admitted1996, Delaware; United States District Court for the District of Delaware; U.S. Court of Appeals for the Third Circuit
 
Biography

Peter B. Ladig is the Vice Chair of the Corporate and Commercial Litigation Group at Morris James.

Pete concentrates his practice in the areas of corporate governance and commercial litigation, stockholder litigation, fiduciary duties, partnership and limited liability company disputes, and class action and derivative litigation. Pete represents both stockholders and directors in corporate litigation in the Court of Chancery in a wide range of matters, including advancement of legal fees and expenses, reviews of elections of directors, requests to inspect books and records, and claims for breaches of fiduciary duties. He also represents corporations and other entities in commercial disputes involving breach of contract claims and claims arising under the General Corporation Law of the State of Delaware. Pete has served on the Rules Committee of the Court of Chancery since 2011 and served as one of the principal drafters of Rule 5.1.

Pete also uses his his litigation experience to advise special committees of boards of directors in analyzing conflict transactions or investigating alleged wrongdoing. Pete and Morris James have represented several of each type of committee.

Pete was recognized by Chambers USA - America's Leading Lawyers for Business in the years 2008-2009 and 2011-2014 as one of the leading Chancery Court practitioners in Delaware. In Chambers USA 2012, Pete was described as someone who "knows the courts, has a good sense of the law and has a good sense of strategy - I feel I can rely on him for everything related to a Delaware lawsuit." Chambers USA 2013 reported, Pete's "legal analysis is excellent, his knowledge of Delaware law is brilliant," and he is also a "very personable guy." He is "just about everything that you would want with a co-counsel," say interviewees. Pete has also been recognized by Delaware Super Lawyers® in 2013 and 2014 for Business Litigation and by Best Lawyers® in 2013 and 2014.

Experience

• Special Committees

• Corporate control disputes

• Breach of fiduciary duty claims

• Actions seeking advancement and indemnification

• Shareholder rights disputes

• Breach of contract claims

• Actions brought by directors, officers, stockholders and creditors

Professional Affiliations

Delaware State Bar Association

American Bar Association

Richard S. Rodney American Inn of Court

Court of Chancery Rules Committee

Recent Matters

Shareholder Representative Services, LLC v. ExlService Holdings, Inc.
Successfully obtained order dismissing claims relating to an escrow agreement in favor of arbitration

The North River Insurance Company
Representing The North River Insurance Company in coverage litigation pending in the Superior Court as well as an action in the Court of Chancery seeking an anti-suit injunction against the plaintiff in the Superior Court action

Maer Roshan v. Recovery Media LLC
Obtained a temporary restraining order relating to the sale of units of a limited liability company because of, among other things, improper disclosures

Special Litigation Committee of International Textile Group, Inc.
Represented Special Litigation Committee charged with investigating potential claims of wrongdoing arising out of company's acquisition of an affiliate of the controlling stockholder

In re McMoRan Exploration Co. Stockholders Litigation
Represented certain directors of McMoRan Exploration Co. in expedited litigation seeking injunction to halt acquisition of McMoRan by Freeport Copper & Gold, Inc.

General American Holdings, Inc. v. Intertrust GCN LP
Represented one of the managing members of Interstate General Media Holdings, LLC, which operates the Philadelphia Inquirer, Philadelphia Daily News and www.philly.com in dispute with the other managing member

Farr v. Ryan, et al.
Represented the directors of RyMed Technologies, Inc. in defense of breach of fiduciary duty claims arising out of acquisition of all of the assets of the company

Cy Twombly Foundation, et al . v. Thomas Saliba, et al.
Representing director of foundation established to preserve the artwork and legacy of Cy Twombly against claims of breach of fiduciary duty

Garda USA, Inc. v. SPX Corporation
Successfully obtained an order vacating an arbitration award on the basis that the award was in manifest disregard of the law. That order is presently on appeal to the Delaware Supreme Court and scheduled for rehearing en banc in January 2014

Special Committee of Directors of International Textile Group, Inc.
Represented Special Committee of publicly traded company on debt-for-equity swap proposed by controlling creditor and stockholder of company

Starr Investments Cayman II, Inc. v. China Media Express Holdings, Inc., et al.
Representing two former directors of China Media Express Holdings, Inc. in matter pending in United States District Court for the District of Delaware alleging securities violations by officers and directors of company

In re China Integrated Energy,. Inc. Stockholder Litigation
Representing certain of the directors of China Integrated Energy, Inc. in putative derivative action pending in the Court of Chancery arising out of internet reports that company had misstated its financial condition

City of Tamarac Firefighter Pension Trust Fund, et al. v. Carl C. Icahn, et al.
Representing independent directors of CVR Energy, Inc. in Court of Chancery against claims relating to purchases of company stock by affiliates of Carl Icahn

Helie v. Gramercy Financial Group, LLC, et al.
Representing former member and officer of hedge fund in seeking indemnification and advancement of legal fees and expenses incurred as a result of affiliation with hedge fund

Sherwood v. Ngon
Represented directors of publicly traded company defending claims of breach of fiduciary duty arising out of hostile proxy contest

Sousan Badii v. Metropolitan Hospice, Inc.
Represented company in action seeking appointment of receiver for company

WT Music Investment Company, et al. v. Hassan Miah, et al.
Representing founder and investor in complex business arrangement after dispute with financial partner

Blades v. Wisehart
Represented founder of company in corporate control dispute - in a post-trial opinion, the Court found that the company had not validly issued stock to third parties, so the original two stockholders were the only stockholders of the company and their written consent was valid to remove the entire board of directors and elect a new board of directors

Cambridge North Point LLC v. Boston and Maine Corporation
Represented Cambridge North Point, LLC ("CNP"), which, along with Boston and Maine Corporation, were members of an LLC formed to develop North Point area in Boston, Massachusetts. The parties had a falling out resulting in litigation which was resolved by a settlement agreement. CNP then brought a second action against Boston and Maine for breach of the settlement agreement. In a post-trial opinion, the Court awarded almost all of the relief sought by CNP for breach of the settlement agreement

Lisa, S.A. v. Juan Jose Gutierrez Mayorga, et al.
Represented Lisa, S.A. ("Lisa") in an appeal to the Delaware Supreme Court of an opinion of the Court of Chancery dismissing Lisa's claims of, among other things, breach of fiduciary duty and civil conspiracy

San Antonio Fire & Police Pension Fund v. Amylin Pharmaceuticals, Inc.
In an expedited trial and appeal to the Delaware Supreme Court, represented Bank of New York Mellon Trust Company, N.A. in its capacity as indenture trustee for the indenture pursuant to which Amylin Pharmaceuticals, Inc. issued 3.00% Convertible Senior Notes due 2014

Shandler v. DLJ Merchant Banking, Inc., et al.
Represented DLJ Merchant Banking, Inc. and its affiliates (the "DLJ Parties") in an action brought by a post-confirmation creditor trustee alleging various breaches of fiduciary duty by the DLJ Parties

Schneiderman v. North Shores Board of Governors, Inc.
Represented a homeowners association in a case brought by residents challenging the use of crossovers to traverse the dunes in a beachside community

Stockman v. Heartland Industrial Partners, L.P.
Represented David Stockman, former member of Congress and director of the Office of Management and Budget from 1981 to 1985, in an action seeking advancement and indemnification from a limited partnership founded by Mr. Stockman for fees and expenses incurred in defending multiple lawsuits filed against him arising out of his service as a director and officer of Collins & Aikman Corporation

Zaman v. Amedeo Holdings, Inc.
Represented two individuals in successfully seeking indemnification and advancement from various entities for which they worked in complex business arrangement for the Prince of Brunei

In re NTRU Cryptosystems, Inc.
Utilizing a procedure available under the General Corporation Law of the State of Delaware, Mr. Ladig obtained an order permitting a dissolved corporation to distribute its remaining assets without reserving any assets for potential future claimants

Amsdell Holdings I, Inc., et al. v. U-Store-It, L.P.
Represented Amsdell Holdings I, Inc. and other parties in an action seeking indemnification from U-Store-It, L.P. for damages arising out of lawsuit brought against the plaintiffs in their capacities as limited partners of U-Store-It, L.P.

Amazon.com, Inc. v. Hoffman
Represented Basis Technologies, Inc. ("Basis") and its directors, in the Court of Chancery in a suit brought by Amazon.com, Inc. ("Amazon") in which Amazon alleged that Basis had violated Amazon's rights as a preferred stockholder when it issued common stock in 2004 and 2006

Benning v. Swish Marketing, Inc.
Represented Swish Marketing, Inc. in an action brought by a former director and officer seeking advancement of legal fees and expenses incurred purportedly in defense of an investigation by the Federal Trade Commission

F. Barron Fletcher, III, et al. v. Home Organizers, Inc.
Represented Home Organizers, Inc. ("HOI") in an action brought by two former directors of HOI seeking advancement of legal fees and expenses incurred by the former directors in defending a lawsuit brought by HOI against them and their related entities

Edgewater Growth Capital Partners, L.P. et al. v. H.I.G. Capital, Inc.
Represented the plaintiffs in an action brought by a stockholder and creditor against other creditors and the board of directors arising out of the transfer of all or substantially all of the assets of the company. The Court of Chancery denied a motion to dismiss and the case is proceeding to the discovery stage

News & Events

News & Media Mentions

Morris James Leads Delaware Today "Top Lawyers" Edition with 25 Recognitions
October 21, 2014

Lewis Lazarus and Peter Ladig Participate in ABA Podcast
August 19, 2014

Morris James Receives Top Legal Rankings in Chambers USA 2014
May 23, 2014

Delaware Super Lawyers® 2014 Recognizes 12 Morris James' Attorneys
January 23, 2014
Delaware Super Lawyers®

20 Attorneys in 23 Practices Recognized by Best Lawyers® 2014
August 15, 2013
Best Lawyers® 2014

Benchmark Litigation Names 7 Partners Among Top Litigators in Delaware
July 11, 2013

Chambers USA Names 13 Morris James Attorneys in Their 2013 Guide to Leading Business Lawyers
May 29, 2013
Chambers USA

Delaware Super Lawyers® 2013 Recognizes 12 Morris James' Attorneys
January 9, 2013
Delaware Super Lawyers®

20 Morris James Attorneys in 23 Practices Selected for Inclusion in Best Lawyers® 2013
August 30, 2012

Benchmark Litigation 2013 Names 7 Morris James Partners Among Top Delaware Litigators
July 13, 2012

Chambers USA Names 14 Morris James Attorneys in Their 2012 Guide to Leading Business Lawyers
June 4, 2012

Peter B. Ladig Joins Morris James LLP as a Partner in the Corporate and Fiduciary Litigation Group
June 1, 2010

Events

Recent Developments Affecting the Ethical and Professional Responsibilities of Chancery Practitioners
December 7, 2012

Publications

Articles & Publications

An Ounce of Preservation Is Worth a Pound of Argument
October 29, 2014
Delaware Business Court Insider

Entire Fairness for One, Entire Fairness for All
September 24, 2014
Delaware Business Court Insider

Rule 5.1 Gets Its First Major Test
December 4, 2013
Delaware Business Court Insider

The Other 'Nessie': An Order Vacating an Arbitral Decision
July 31, 2013
Delaware Business Court Insider

What's Behind the Chancery Court's New Rule 5.1
January 23, 2013
Delaware Business Court Insider

Delaware's Anonymity? A Response to The New York Times
July 11, 2012
Delaware Business Court Insider

Dealing With Disputes Over the Reasonableness of Fees at the Advancement Stage
March 21, 2012
Delaware Business Court Insider

Court of Chancery Comes Down Hard on Trading by Plaintiffs in Representative Litigation
January 25, 2012
Delaware Business Court Insider

Out of Many Can Come One: Supreme Court Considers Transaction Aggregation Doctrines
November 2, 2011
Delaware Business Court Insider

Poison Pill Limbo: How Low Can It Go?
September 7, 2011
Delaware Business Court Insider

Intersection Between Fiduciary Duties and Contract Rights May Be Headed For a Showdown
August 17, 2011
Delaware Business Court Insider

The Viability of the Disclosure Only Settlement
May 11, 2011
Delaware Business Court Insider

Multi-Jurisdictional Litigation a Rich Vein of Issues for Chancery Court
April 20, 2011
Delaware Business Court Insider

Court of Chancery Investigates Potential For Collusive Settlements in Multi-Fora Litigation
March 30, 2011
Delaware Business Court Insider

Where Do We Go From Here? Trends in the Law 2009
February 4, 2009
Delaware Law Weekly

Delaware's Emerging Definition of Bad Faith: Not as Bad As You Think
December 31, 2008
Dow Jones Corporate Governance

McNulty Revisited: How the FILIP Memorandum Changes the DOJ's Approach to Corporate Investigation and Prosecutions
December 2008
Law Journal Newsletters, Vol. 23, No. 7

Why a Handshake Might Not be Enough for Members of Delaware Limited Liability Companies
November 17, 2008
Andrews Litigation Report, 2008

No Stay for the Weary-Corporate Governance Obligations Continue in Bankruptcy
June 1, 2008
The Bankruptcy Strategist, Vol. 25, No. 8.

Assessing Risk From Options Grants Under Delaware Law
March 12, 2008
Corporate Governance

Delaware Court Reaffirms Some Less Well-Known Principles of Corporation Law
May 8, 2007
Securities and Regulation Law Report

The 'Tools at Hand' Fail To Get The Job Done: The Court Of Chancery Denies Request Of Hedge Fund To Inspect Books and Records
December 1, 2006
Law 360

COMMENTARY: Thompson Memo Collides with Del. Advancement Law
November 6, 2006
Corporate Officers and Directors Liability Litigation Reporter, Vol. 22, Issue 10

Blog(s)

Delaware Business Litigation Report

Honors

Delaware Today®"Top Lawyers," 2014

Best Lawyers®, 2013-2015

Chambers USA, Recognized for work in the Delaware Court of Chancery, 2008-2009, 2011-2014

Delaware Super Lawyers®, 2013-2014

Litigation Council of America,

 
ISLN911404607
 


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#140 in weekly profile views out of 3,669 lawyers in Wilmington, Delaware
#34,065 in weekly profile views out of 1,616,736 total lawyers Overall

Office Information

Peter B. Ladig

500 Delaware Avenue, Suite 1500
WilmingtonDE 19801-1494




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